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Extra Credit: What was your favorite module thus far?

Which of the following groups of animals is well-known to engage in resource partitioning by inhabiting different parts of trees to minimize competition?  

EC 251 Exam #2 Q #11.docx (Figure: Labor Supply and Demand) Refer to the figure. What is the quantity of labor that is unemployed as a result of the labor union’s action to increase its wage demands to $11 an hour? a. 700 b. 1100 c. 1800 d. 2700

According to the quantity theory of money, a nation that increases its money supply by 30% should expect its price level to increase by approximately: a. 15% b. 30% c. 45% d. 60%

True or false: Disturbances are sometimes beneficial to ecosystems.

A human can be a member of all levels of a trophic web, except:

Money is best defined as anything that is a widely accepted means of payment.

Which of the following is true of a pioneer community?

If a lender expects an inflation rate of 5% and asks for a nominal interest rate of 10%, then the lender expects to earn a real interest rate of: a. 2% b. 5% c. 10% d. 15%

If the reserve ratio is 4%, the money multiplier is: a. 4 b. 16 c. 20 d. 25